Q2 revenue rises 29.6%, but six-month profit remains weak
MMP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.3 pts less than Nifty Microcap 250 and 5.4 pts less than its Aluminium peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Q2 revenue from operations rose 29.6% year on year to Rs 187.68 crore. Consolidated profit after tax swung to Rs 7.01 crore from a Rs 5.41 crore loss; standalone profit rose 31.7% to Rs 6.03 crore. However, six-month consolidated profit fell 90.7% to Rs 1.60 crore after a Rs 17.30 crore one-off charge. The board also approved bank borrowing support and a company guarantee for subsidiary MMP Cables, but amounts were not stated.
Quarterly growth and a profit rebound help, but weaker six-month profit, one-off charges and higher borrowings keep the near-term outlook mixed.